Agreement between the Government of the Republic of Kazakhstan and Government of the Republic of Lithuania on encouragement and mutual protection of investments

of September 15, 1994

The government of the Republic of Kazakhstan and the Government of the Republic of Lithuania, hereinafter referred to as "Contracting parties",

- wishing to develop economic cooperation on mutually advantageous conditions;

- aiming to create favorable conditions for investments of investors of one Contracting Party in the territory of other Contracting Party;

- understanding that encouragement and mutual protection of these investments will favor to stimulation of initiative of private entrepreneurship and will promote wellbeing of both Contracting Parties,

agreed as follows:

Article 1 of Determination

For the purposes of this agreement:

1. The term "investments" means the property of any kind invested by the investor of one Contracting Party in the territory of other Contracting Party according to the procedure and according to the legislation of the Contracting Party in the territory of which investments are performed. This concept, in particular, but not only, means:

a) personal and real estate and other property rights, such as mortgage, pledge, rights of mortgage deduction of property and similar rights;

b) shares, bonds and other forms of participation in the companies;

c) rights to claim concerning money, using which economic value or rights to claim on any activities having economic value was created;

d) copyright, rights of industrial property (such as patents, industrial designs and models, trademarks, trade names), know-how, goodwill;

e) any right to the implementation of economic activity granted by state body including concessions on investigation, production and use of natural resources.

Any change of form of investment performed according to the legislation and other regulations of the Contracting Party in the territory of which investment was performed does not change its nature as investment.

2. The term "investor" means:

a) the physical person who is the citizen of one of Contracting Parties according to its current legislation;

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